Historians R Us

This blog is the property of the AP US History class at Pope John XXIII High School in Everett, MA, USA. Here students explore current events in America, while seeking to understand the historical roots of those events. At the same time, students are able to carry on classroom discussions in the cyber world.

Tuesday, March 27, 2007

I Love Goooooold =]


According to a popular Smash Mouth song, All Star, "all that glitters is gold." This theory can, however, be disproven. During the Gilded Age, industrialists such as JP Morgan took control of the fortune that was to be made in America during the late 19th century into the ealy 20th century. JP Morgan controlled banks, mining businesses, insurance companies, communication systems and shipping lines. With his enourmous about of wealth, Morgan lent money to the American Government during the crisis of 1895, and during other finincial droughts in AMerican history. JP Morgan was one of the more intellectual Robber Barrons, unlike Vanderbuilt who prided himself in his inability to read and write, therefore he kept tabs on his finincial whereabouts. Other finicial mongrels could be compared to JP morgan, such as Donald Trump. Usually, these examples are of men, however a prime example is a woman named Brooke Astor.
Her fortune has been approximated at 130.9 million dollars. Her son, Anthony D. Marshall has recently been accused of using his mothers fortune for his own personal gain before he has come upon it himself because he is essentially her finincial advisor. Her legal guardians over her property items is JP Morgan Chase. Mrs. Astor owns stock in at least a dozen companiers, and has owenership over several companies as well. She could easily be considered a new age Robber Barron, or Captain of Industry, whichever you prefer.


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